
Ethnic & ethics go hand in hand: India tells US
India has taken up with the US the issue of protecting Indian traditional knowledge from being patented in that country.
India has taken up with the US the issue of protecting Indian traditional knowledge from being patented in that country.
The commerce department has written to the empowered group of ministers (eGoM) on wheat imports, asking it to reconsider the decision of making it the nodal department for importing wheat.
India has come up with a proposal that both developed and developing countries of the WTO at least halve their existing bound tariffs on industrial goods, a plan that is likely to surprise developed members like the EU and the US.
The government has decided to allow SEZ units to import used plant or machinery without any quantitative restrictions , provided the machinery was not used by the assessee (unit-owner ) or previously used in India.
Developers and units in special economic zones (SEZs) may be in for some additional service tax exemptions.
While supply from DTA to SEZs is exempt from CST under the SEZ Act, a similar exemption is not provided to supplies from SEZ to DTA.
Tariffs on all other items will have to be reduced to zero in 10 years from the date of implementation of the agreement.
Reimbursement of state taxes to exporters under the new scheme replacing the duty entitlement pass book (DEPB) scheme - the popular yet controversial duty reimbursement scheme - will be on the basis of the rates prevailing on April 1, 2007.
India wants EU to accord geographical appellations (GI) protection to non-food items like Kanjeevaram sarees and Kolhapuri chappals.
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